Indian realty sector
India’s realty sector is projecting that a strong Govt at the Centre will give it the much-required push, via some significant initiatives and regulations to help the sector gather momentum for potential growth. Noting that significant reforms by the Centre Govt can help attract investments to the realty sector, Anuj Puri – JLL India Chairman [...] Continue Reading »
Sean Tompkins, global chief executive officer of UK-based Royal Institution of Chartered Surveyors (RICS) has said that the foreign investors are thinking twice before investing in the Indian real estate market because it fails to meet the global standards. Between 2006 and 2009 the Indian realty had witnessed around $20 billion in investment of which [...] Continue Reading »
Realty experts say that Mumbai should focus on sustainable development. According to sources, the sustainable rate in the country is hardly 2.8% when compared to the global standards of about 25%. Since the real estate plays a major role in the development of economy, it is important that sustainable development be adopted on a faster [...] Continue Reading »
The Indian realty and construction sector is facing a grave problem in the form of severe shortage of workforce. While increasing urbanization is generating unprecedented demand for real estate, there is a shortage of skilled as well as unskilled laborers to meet the demand. This massive requirement for realty space results in huge demand for [...] Continue Reading »
At a time when real estate sector is riding on a low tide, developers Prestige Estates have been able to register a rise in their profit. Prestige Estates’ net profit has risen 35.4 per cent to Rs 49.3 crore in the April to June quarter. Turnover stood at Rs 246.4 crore, down by 6 per [...] Continue Reading »
As per the predictions of research firm, Angel Broking, residential volumes would grow from flat to moderate rate on a sequential basis in the June quarters of 2012. The report states that the demand is weak due to high interest rates and elevated property prices. Although the realty index is low, it is not as [...] Continue Reading »
The real estate sector exceeds the expectation from the Budget 2012. The most important announcement made by the government by allowing the external commercial borrowing (ECB) in the construction of affordable housing projects. Also the government gave a relief to the sector by reducing the withholding tax on ECB for affordable housing projects. The real [...] Continue Reading »
Keeping apart the blues of present Indian realty sector, one of the developer in Mumbai has gained attention by offering attractive realty packages! The Royal Palms Estates, Mumbai’s leading developer has enabled the buyers to get office spaces as one dreamed of! Sounds pretty interesting! yes, Royal Palms Estates is offering business and commercial suites [...] Continue Reading »
Memorable indeed was previous year for Indian realty sector! Turbulent stock market, spiraling interest rates and fluctuations in property price all together real estate market ended up year 2011 in a worse phase! The only relief was from major cities in India which did witness healthy realty transactions. However, the property prices in Mumbai city [...] Continue Reading »
The state and central housing bill’s motto is to bring in more transparency and accountability in the Indian realty sector. Maharashtra has been the first most state to uphold strict laws in concern with the Maharashtra Housing Act, 2011. The citizens feel that this act has stringent norms in them being a barrier for a [...] Continue Reading »
